This is a rate rise Idea but overall I am short on this pair for many fundamental reasons. The top red line is a pattern that it was stuck in before the previous NFP and it seemed to respect this line this week so i think anytime if any is a good long opportunity especially if there is a spike in USD after the rate decision. If the market ensues USD buying this is a small capital trade that could be very profitable. Just be careful because if the rate decision and statement have a negative effect then it is likely this pair tumbles greatly if something happens unexpected.
